He said though logistics is the biggest problem in the new state, there is potential to develop them because of the state’s proximity to sea.

MUMBAI: The Andhra Pradesh government has attracted investments worth Rs 4.7 lakh crore since the split that resulted in the formation of Telangana, chief minister Chandrababu Naidu said on Tuesday. The investments are in automobile, energy and road projects, he said. Naidu said he expects incentives for export manufacturing in the Budget. This would help the state generate income, he said. "If there is no industry, no income will come. So we have asked for an export manufacturing policy where special incentives are given for countries that want to invest in India," Naidu said.

He said though logistics is the biggest problem in the new state, there is potential to develop them because of the state's proximity to sea. He said it is important to implement goods and services tax. Ease of doing business should be improved and land acquisition should be simplified, he said. "We need development, how can we develop without land?" Naidu said.

The leader of the Telugu Desam Party, an ally of the National Democratic Alliance, said he has managed to tie up with leading agro-processing companies through the World Economic Forum. He has also managed to bring Walmart to the state.

Self-help group (SHG) DACRA in Guntur will be marketing the products of Walmart, which, in turn, will help in skill development of female SHG workers, he said.